01-26-2010, 05:24 PM
In the Starting Line-up
Join Date: Feb 2008
Location: Hanson, Ma
Obama's campaign idea- SS payroll tax on incomes above $250,000 a year?
What ever happened to this campaign idea???
Retirement Age Stars In Soc. Sec. Debate - CBS News
Although I am a right leaning independent, I supported this plan.
Social Security needs the money... Hit everyone who makes more than
$250,000 the 6.2 percent Social Security payroll tax
Obama has, however, called for a Social Security payroll tax on incomes above $250,000 a year, compared with the current $102,000 threshold.
The idea that Bill Gates, Warren Buffet, & Donald Trump only contribute to SS at for their first $102,000 earned does not seem right
"Barack Obama is opposed to raising the retirement age. He believes we should strengthen Social Security while protecting the middle-class families that rely on it," said Jason Furman, Obama's campaign economic policy director. "To that end, he would like to work with Congress on a plan to ensure that people making over $250,000 pay a little more to strengthen this vital program for generations to come."
Last edited by cupofjoe1962; 01-26-2010 at 05:30 PM..